Reserve Studies

5 Reasons to Hire a Reserve Specialist
10 Ways to Improve Property Values
A Whopping 70% of Association-governed Communities are Underfunded
Board of Directors as Fiduciaries
Deferring Repairs? Choose Wisely!
Don’t Pay More Than You Have To For A Reserve Study!
Don’t Reserve the Truth
Excuses, Excuses
How a Reserve Study Protects Owner Value
How do “National Reserve Study Standards” Benefit You?
How Often Should You Update Your Reserve Study?
How to Get a Great Reserve Study
Ignoring the Advice of your Reserve Specialist
On the Road with Reserves
Penny Wise and Pound Foolish
Planning Your Reserves to Avoid Disasters
Reserve Planning by William Chmura
Reserve Studies “Undercover”
Reserve Study Accuracy- It Matters!
Reserve Study Ghosts – Past, Present, and Future!
Reserve Study Results – What to Expect
So you want a Reserve Study. Why?
The Two Parts of a Reserve Study
The Value of a Reserve Study Site Inspection
Webinars – A Great Way to Learn About Reserves!
When Leading Community Volunteers, It Ain’t About You
Why Contribute to Reserves?
Why Is Accounting For Interest And Inflation Important?

Case Studies

The Oaks at Calabasas: How Reserve Studies Helped Our Bottom Line


Why Reserve Studies?


National “Manager of the Year” Contest (3:04 min)
Requesting a Proposal Made Easy (1:12 min)
Reserve Studies for Association Governed Communities (34:33 min)
Sample “Job Complete” (4:22 min)
The Importance of Updating your Reserve Study (3:36 min)
Under-Funding Reserves (3:03 min)
What Happens Next? (1:55 min)
Which Level of Service is Right for my Association? (1:52 min)

Sample (editable) Reserve Study Policies (.doc)
Simple (courtesy of Association Reserves)
Exhaustive (courtesy of Gary Porter, CPA)

Infographic Page


Parts of a Reserve Study: The Component List

The Component List is one of the three results of a Reserve Study, providing a listing of the major common area assets the association is responsible to maintain. A Component List typically includes the following information about each Reserve Component: Name, Description, Useful Life, Remaining Useful Life, and Current Replacement Cost.

The Component List serves as the foundation of a Reserve Study since it defines the scope and schedule of all Reserve expenses. Reserve Fund Strength and Funding Plan calculations will be performed on the basis of those expenses. It is wise to review your Component List for accuracy after it is developed, and updated it annually as your Components age or are replaced, and as costs change.


Component List Articles

Do Plumbing, Electrical, and Landscape Renovation Projects Belong in a Reserve Study?
Can I Pay for this from Reserves?
Capital Improvements vs. Reserve Projects
Coping with Surprises
Do we Reserve for Domestic Water Lines in the Ground?
Is it Common to Reserve for Homeowner Fences?
Replace on Schedule.. or Wait?
Reserve Component Failure Modes
Reserve Expenses vs. Operating Expenses
Reserve Planning – How Far into the Future?
Should we Reserve for Insurance Deductibles?
Should we Reserve for Tile Roof Replacement?
What to do when a Component Fails Early?
Where do we get our Life and Cost Information?
Which Components are (and aren’t) Included?
Which Components Belong In The Reserve Study?
Why Reserve for Expenses 30 Years Away?

Component List eBook

All you need to know about Reserve Component Lists

Component List Videos

National Reserve Study Standards: 4-part Component Test


Parts of a Reserve Study: Reserve Fund Strength

The calculation of Reserve Fund Strength is one of the three results of a Reserve Study. The measure of how well the Reserve Fund has kept pace with ongoing deterioration (computed as the Fully Funded Balance) is reported in ratio form as Percent Funded.

0%- 30% Funded is considered poor (well behind pace), 30% – 70% funded is considered fair (behind pace), and 70% – 130% is considered good (on pace).


Reserve Fund Strength Articles

Are Your Reserves Adequate?
How can we Compare our Reserve Fund to other Associations?
Is your Reserve Fund “On Pace”
What exactly is Percent Funded?
Why Percent Funded Should Matter to You
Percent Funded Calculator

Reserve Fund Strength eBooks

Reserve Fund Strength (% Funded)

Reserve Fund Strength Videos

Understanding % Funded
Association Reserves Honor Roll